Price Target in View for RBC Bearings Incorporated (NASDAQ:ROLL)

26 Jan,2018

Investors may be tracking sell-side analyst opinions on shares of RBC Bearings Incorporated (NASDAQ:ROLL). According to analysts polled by Zacks Research, the current consensus target price is $126.67. Analysts and financial institutions may use different methods to value a particular stock. Because of the use of alternate methods, individual price targets may be widely varied. Viewing the consensus target price can help provide a general sense of where the sell-side sees the stock heading in the future. Investors can take a look at the target projections and decide for themselves if they agree with the Street. Investors tend to take a closer look at shares when analysts provide update to price targets. 


Traders may be going deeper into the playbook in order to scoop up profits in the current stock market environment. The past year has produced plenty of big winners. Investors will be closely monitoring the most recent earnings releases to hopefully spot the next big mover. Traders may be looking to more closely define some major trends in order to identify which way the momentum is going to carry the stock market into the close of the calendar year. Keeping track of all the financial news and global happenings can be a tall order, even for the most seasoned investors. Staying the course while following a sound investing plan can help the individual investor become prepared for whatever lies ahead. The optimists still believe there is much more room for growth in the markets while the pessimists are calling for a major reversal in the near future. Traders and investors will be closely tracking the major economic news to help come to a solid conclusion about which way the markets are headed. Staying up on the fundamentals as well as the popular technical indicators may help the investor sort through the maze and prepare for the next stage.


Street analysts often provide stock recommendations for companies that they track. According to analysts polled by Zacks Research, the current average rating on shares of RBC Bearings Incorporated (NASDAQ:ROLL) is 1.83. This average rating includes analysts who have given Buy, Sell and Hold ratings on the name. This rating uses a numerical scale from 1 to 5. A 1 would indicate a Buy recommendation, and a score of 5 would point to a Sell recommendation. Out of all the analysts offering recommendations, 4 have rated the stock a Strong Buy or Buy.


Covering analysts are looking for RBC Bearings Incorporated (NASDAQ:ROLL) to report a current quarter EPS of 1.14 when the company issues their next earnings report. This is the consensus estimate using analysts taken into consideration by Zacks Research. This estimate includes 1 sell-side analysts. For the previous reporting period, the company posted a quarterly EPS of 0.83. Investors will be closely tracking how close the actual comes to the consensus estimate after the next report. Analysts covering the stock are usually very busy during earnings periods. Before the release, they might be revising estimates. After the earnings release, they will closely review the information and update accordingly.


Looking at some recent stock price activity for RBC Bearings Incorporated (NASDAQ:ROLL), we have spotted shares trading near the $127.14 level. Looking at some popular historical levels, we note that the 52-week high is presently $133.45, and the 52-week low is currently $88.94. When the stock is trading close to the 52-week high or 52-week low, investors may pay extra attention to see if there will be a move through that level. Looking back over the last 12 weeks, the stock has moved 2.31%. Heading back to the start of the year, we can see that shares have moved 0.22%. Over the past 4 weeks, shares have seen a change of 0.74%. Over the last 5 trading sessions, the stock has moved -1.53%.

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